Re:61% of Americans paid no income taxes in 2020
by coralreef on Friday August 20, 2021 @10:56AM
(#28246759)
The government could spend less and tax more, but this is politically and socially unpopular, so unlikely to happen.
But its not like its not possible. Some countries have fiscal surpluses. Canada had a surplus in 2018 [1].
I don't see what I'm arguing, and none of it is hypothetical, this is just basic economic theory. It is possible for government spending to be financed by borrowing rather than money creation, resulting in no change in the monetary base. Those mechanics I'm less educated about.
But its not like its not possible. Some countries have fiscal surpluses. Canada had a surplus in 2018 [1].
I don't see what I'm arguing, and none of it is hypothetical, this is just basic economic theory. It is possible for government spending to be financed by borrowing rather than money creation, resulting in no change in the monetary base. Those mechanics I'm less educated about.
[1] https://www150.statcan.gc.ca/n1/daily-quotidien/201118/dq201...